Filed November 13, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $47,456 |
Service code 27 100 SOUTH ASHLEY DR · TAMPA, FL 33602 | Advisory (Plan) | $30,000 |
Service code 99 PO BOX 193730 · SAN FRANCISCO, CA 94119 | Other Fees | $11,000 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $109,247 | $62,624+74.4% | $177,989-38.6% | $77,643+40.7% |
| Participation rate | 81.3% | 66.8%+14.5pp | 77.1%+4.3pp | 70.6%+10.8pp |
| Annual return | 15.89% | 16.16%-0.3pp | 294.48%-278.6pp | 31.24%-15.3pp |
| Employer contribution / active EE | $0 | $1,909-100.0% | $3,949-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $4,649 | $4,219+10.2% | $6,276-25.9% | $4,6470% |
| Admin fee / account holder | $310 | $386-19.6% | $10,363-97.0% | $430-27.9% |